Vital Energy Inc. (VUX)
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Vital Energy Inc. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mikell Jason Pigott CEO | TSX-V Exchange | CA92847K1093 ISIN |
| US Country | 405 Employees | - Last Dividend | 30 Sep 2013 Last Split | 15 Dec 2011 IPO Date |
Overview
Vital Energy, Inc. is a forward-looking independent energy company with a primary focus on the acquisition, exploration, and development of oil and natural gas properties. The company's operations are exclusively concentrated in the prolific Permian Basin of West Texas, a region renowned for its rich hydrocarbon resources. Initially established under the name Laredo Petroleum, Inc., the company underwent a strategic rebranding to Vital Energy, Inc. in January 2023, reflecting a renewed commitment to enhancing its energy portfolio and supporting sustainable energy development. Founded in 2006 and based in Tulsa, Oklahoma, Vital Energy, Inc. embodies a blend of extensive industry experience and a dynamic approach to energy exploration and development.
Products and Services
- Oil and Natural Gas Exploration
- Development of Oil and Natural Gas Properties
- Acquisition of Energy Assets
Vital Energy specializes in the exploration of oil and natural gas, leveraging state-of-the-art technology and comprehensive geological and geophysical analyses to identify high-potential reservoirs. Through meticulous planning and execution, the company aims to uncover new oil and natural gas deposits in the Permian Basin, driving growth and ensuring a steady supply of energy resources.
Following successful exploration activities, Vital Energy focuses on the development of oil and natural gas properties. This involves deploying advanced extraction techniques and infrastructure to efficiently harness hydrocarbons. The company's development projects are designed to optimize production rates and maximize the recovery of oil and gas, contributing to the energy security and economic development of the United States.
Complementing its exploration and development efforts, Vital Energy actively engages in the acquisition of strategic energy assets. The company meticulously evaluates potential properties in the Permian Basin for their production capabilities and reserve potentials. Through strategic acquisitions, Vital Energy aims to expand its asset base, enhance its operational efficiency, and strengthen its market position in the energy sector.
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